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 Post subject: January 5th Wednesday - Futures, ETFs and Forex Currencies
 Post Posted: Wed Jan 05, 2011 10:50 pm 
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Joined: Tue Dec 16, 2008 1:02 am
Posts: 3326
Location: Canada
#FuturesTrades is free along with being a serious professional trading chat room and any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies. Further, although our chat room is smaller than the other popular chat rooms...we are the most active chat room in posting trades or market commentaries involving futures, exchange traded funds or forex currencies in comparison to other free chat rooms.

#FuturesTrades is designed to be a trade journal for documentation purposes only so that members can have a real time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

In addition, we welcome all traders with their own methods or different perspective of the markets to help keep the chat room diversified...posting trades or market commentaries. Also, if you're looking for real-time education in the chat room involving price action only trading (profitably trading without indicators)...you need to contact us to schedule price action only trading real-time discussions. We'll then have one on one (private) real-time price action only trading discussions with you while you're using #FuturesTrades real-time chat room to prevent distractions in the chat room with other members that are using different trading methods in comparison to us. However, you must first download and learn our free study guide at a different forum @ TSL Support Forum * http://www.thestrategylab.com/tsl/forum/viewforum.php?f=5

With that said, thanks for reading the trades or market commentaries that's below and we highly recommend you make reading of the logs a part of your trading routine because you will sometimes find useful trade information not discussed anywhere else online nor in any books if you're not interested in scheduling one on one (private) real-time price action only trading education discussions. To gain access to #FuturesTrades chat room...please follow the instructions @ FTCHAT Support Forum * http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

Attachment:
010511_Key_Price_Action_Markets.png
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click on the above image to view today's price action of key markets

Session Start: Wed Jan 05 07:52:54 2011
Session Ident: #FuturesTrades
[07:52:54] * Now talking in #FuturesTrades
[07:52:54] <@X> [NihabaAshi] chat room archives @ viewforum.php?f=20
[08:38:37] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[08:48:30] <pat255> gm all
[09:14:00] <LP> gm
[09:19:16] <AndyES> gm pat, LP, all
[09:36:22] <Sidhartha> starting to wonder if the correlation between oil and the e-minis might have weakened on a more permanent basis...
[09:36:44] <+Sidhartha> more medium term basis I mean
[09:36:55] <@wrbtrader> No...it goes to crap over the holidays and slowly gets re-correlated during January
[09:37:05] <@wrbtrader> Happens like this most of the time...year after year
[09:37:10] <werner> gm all
[09:37:11] <+Sidhartha> ok
[09:37:54] <@wrbtrader> Thus, if you're like me and like to use Oil and Gold to help manage trades in the Eminis...
[09:38:22] <@wrbtrader> We just got to tolerate the frustration between late November to January :(
[09:40:40] <@wrbtrader> Another key thing to remember...when volatility is low in the Eminis...all bets off :)
[09:41:07] <+pat255> y
[09:41:10] <@wrbtrader> it becomes a bar room fight as in "do whatever it takes to survive".
[09:42:29] <Trendtrader> Long TF @ 784.3 «« simulator »»
[09:45:41] <@wrbtrader> Long ES @ 1263.25 -> large size
[09:45:55] <@wrbtrader> 10 contracts
[09:46:09] <@wrbtrader> already an error out of the gate :(
[09:47:57] <@wrbtrader> Exited all ES Long @ 1263.50 --> + 0.25
[09:48:42] <@wrbtrader> as usual...goal is not ticks but points.
[09:49:35] <@wrbtrader> However, sometimes you got to exit a position early or fast if trade via an error or something in the price action I'm uncomfortable with
[09:50:56] <@wrbtrader> Yesterday the Emini TF was a barn burner...today it looks like it's taking a rest so far
[09:53:07] <+pat255> L nq 2248
[09:53:18] <+AndyES> Shorts CL @ 88.66 «« scalp »»
[09:54:32] <+AndyES> Covered 1/2 CL Short @ 88.64 --> + 0.02 «« scalp »»
[09:55:16] <+AndyES> Covered 1/4 CL Short @ 88.56 --> + 0.1 «« scalp »»
[09:55:16] <+Trendtrader> Exited all TF Long @ 783 --> - 1.3 «« simulator »»
[09:57:52] <+AndyES> Covered Remainder CL Short @ 88.66 --> 0 «« scalp »»
[09:58:56] <+pat255> out Nq 49
[10:03:30] <@wrbtrader> Shorts ES @ 1263.50 -> large size
[10:04:09] <@wrbtrader> Covered all ES Short @ 1264.00 --> - 0.5
[10:05:37] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[10:06:05] <@wrbtrader> Long ES @ 1265.00 -> large size
[10:06:25] <@wrbtrader> 10 + 5
[10:08:14] <@wrbtrader> Emini TF streaking upwards
[10:08:36] <@wrbtrader> VXX still pushing lower and closed it's gap
[10:09:44] <@wrbtrader> Exited 1/3 ES Long @ 1266.25 --> + 1.25
[10:10:15] <@wrbtrader> Exited Remainder ES Long @ 1266.00 --> + 1
[10:10:39] <+pat255> vn
[10:11:36] <@wrbtrader> VXX still declining...
[10:11:56] <@wrbtrader> Thus, my exit out of that Long in Emini ES is too early
[10:12:03] <+AndyES> defense of 88.73 may be failing
[10:12:25] <@wrbtrader> VXX just stalled
[10:12:58] <+werner> top channel at es ym and nq 60 min
[10:13:40] <+AndyES> Shorts CL @ 88.78 «« scalp »»
[10:13:52] <+AndyES> small size
[10:14:54] <+AndyES> Covered 1/2 CL Short @ 88.74 --> + 0.04 «« scalp »»
[10:16:16] <+AndyES> Covered Remainder CL Short @ 88.71 --> + 0.07 «« scalp »»
[10:17:10] <+AndyES> :(
[10:21:02] <@wrbtrader> Long ES @ 1266.00 -> large size
[10:22:18] <@wrbtrader> :(
[10:23:31] <@wrbtrader> Exited all ES Long @ 1265.50 --> - 0.5
[10:24:27] <@wrbtrader> Shorts ES @ 1265.25 -> large size
[10:25:36] <+werner> Shorts NQ @ 2254.75
[10:26:14] <@wrbtrader> VXX ranging now and Eminis are starting to do the same
[10:26:59] <+werner> Covered all NQ Short @ 2253.25 --> + 1.5
[10:27:06] <+LP> oil #'s in 3 min, EIA
[10:27:20] <@wrbtrader> :(
[10:28:30] <+AndyES> thanks for the reminder LP
[10:28:37] <+LP> :)
[10:28:56] <@wrbtrader> tighten stop/loss
[10:31:17] <@wrbtrader> Covered all ES Short @ 1264.75 --> + 0.5
[10:33:41] <@wrbtrader> Shorts ES @ 1264.25 -> large size
[10:33:58] <@wrbtrader> 5 + 10
[10:36:23] <@wrbtrader> Covered all ES Short @ 1264.75 --> - 0.5
[10:37:20] <@wrbtrader> weird...I have "no price reaction" to the 1030am EIA reports...not even in Oil itself
[10:37:38] <@wrbtrader> I see more orders but just ranging with contraction
[10:37:45] <+pat255> y just spike a bit on report
[10:38:57] <@wrbtrader> there's ALWAYS a reaction even a late one if the initial one is missing
[10:39:12] <@wrbtrader> Shorts ES @ 1264.25 -> large size
[10:39:39] <@wrbtrader> 10 + 5
[10:42:12] <@wrbtrader> Covered all ES Short @ 1265.25 --> - 1
[10:42:55] <@wrbtrader> back in the red :(
[10:43:11] <+pat255> choping here
[10:43:34] <@wrbtrader> it's trying to fight out of that range
[10:45:41] <@wrbtrader> it's tighten to a 2 tick range now
[10:45:54] <@wrbtrader> 3 ticks
[10:46:28] <@wrbtrader> scalper environment now
[10:46:59] <+pat255> absolutely ....
[10:47:23] <@wrbtrader> just broke to the upside out of that range
[10:47:41] <+pat255> here it goes
[10:47:50] <@wrbtrader> Long ES @ 1266.50 -> large size
[10:47:59] <@wrbtrader> 10 + 10
[10:48:14] <@wrbtrader> VXX broke below it's support
[10:51:28] <@wrbtrader> SPY just spike higher big time unless it's a data error again
[10:52:01] <@wrbtrader> data problem
[10:52:33] <+Sidhartha> I don't see that in SPY
[10:53:07] <@wrbtrader> I spike to 128 and now spike back down to 127
[10:53:14] <@wrbtrader> I = it
[10:53:42] <@wrbtrader> Emini ES did not correlate with the spike = data problem
[10:55:16] <@wrbtrader> Exited all ES Long @ 1266.50 --> 0
[10:55:34] <@wrbtrader> 10 , 5 , 5
[10:56:32] <+Sidhartha> turning into a bit of a bar fight here...
[10:56:56] <@wrbtrader> Yeah...got another spike but waiting to see if it's accurate
[10:57:31] <@wrbtrader> VXX is dead = going sideways in a tight tick range
[10:59:15] <+Sidhartha> hugging yesterdays close...
[11:00:35] <+werner> Shorts NQ @ 2258.00
[11:02:15] <@wrbtrader> Shorts ES @ 1265.50 -> large size
[11:02:33] <@wrbtrader> 10 + 10
[11:06:01] <@wrbtrader> geeshh
[11:06:11] <@wrbtrader> what's going on...more data spikes
[11:06:19] <+werner> Covered all NQ Short @ 2259.25 --> - 1.25
[11:06:30] <+werner> :(
[11:06:37] <@wrbtrader> Covered all ES Short @ 1266.25 --> - 0.75
[11:07:05] <@wrbtrader> VXX my only clue...it spikes first before the data spikes
[11:08:04] <@wrbtrader> Long ES @ 1267.00 -> large size
[11:08:48] <@wrbtrader> data spike
[11:20:13] <@wrbtrader> QQQQ and SPY charts a little off the map...IWM normal
[11:20:37] <@wrbtrader> all prior spikes have been corrected by Quote.com
[11:23:17] <@wrbtrader> Exited 1/2 ES Long @ 1269.00 --> + 2
[11:23:50] <+werner> vn
[11:30:22] <@wrbtrader> Exited 1/4 ES Long @ 1270.25 --> + 3.25
[11:31:48] <+LP> wtg
[11:32:27] <@wrbtrader> Exited Remainder ES Long @ 1270.50 --> + 3.5
[11:33:02] <+LP> oil pulling the market up i guess
[11:33:38] <@wrbtrader> Yeah...it broke out of that range to the upside
[11:33:53] <@wrbtrader> Only reason why I held Emini ES
[11:34:30] <@wrbtrader> Had it stayed in that range...most likely would have exited Emini ES for a -0.75 per contract
[11:35:38] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[11:35:48] <@wrbtrader> VXX has been declining most of the day but once in awhile I got some weird spikes in it...
[11:35:57] <@wrbtrader> started not trusting the data.
[11:36:18] <+LP> bonds also selling
[11:36:26] <@wrbtrader> exited 2 particular trades for small losses because of such
[11:36:46] <@wrbtrader> had I not panicked both trades should have been breakevens
[11:37:35] <@wrbtrader> Be back later...lunch break and got to do a some personal stuff (groceries).
[11:37:47] <+LP> take care
[11:37:49] <+pat255> later N wd
[11:51:10] <+LP> s nq 2263.75
[12:06:57] <+LP> humm got my stop -2.5
[12:08:41] <+LP> could of had a point but was looking for 2260
[12:16:55] <codehead> monday NQ high 2267.75
[12:18:23] <+codehead> today dbl top at 2267.50 so far
[12:18:44] <+LP> s emd 912.40
[12:34:31] <+LP> stop -1.2 oil no help to me
[12:35:40] <+LP> light trades trying to get in early
[12:37:02] <+LP> emd was a range break looking for 911
[12:37:42] <+LP> oil pop had me on the ropes
[13:01:14] <+werner> Shorts NQ @ 2266.75
[13:05:38] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[13:13:04] <+LP> s emd 912.30, try it again
[13:13:55] <+werner> Covered all NQ Short @ 2264.75 --> + 2
[13:14:04] <+LP> wtg
[13:14:21] <+werner> :)
[13:16:41] <+AndyES> vn
[13:17:35] <+werner> tx andy
[13:51:42] <+codehead> 2269 is a res number on NQ, so not surprising we didn't get much past it on b/o
[14:18:31] <+LP> add emd short, tight stop
[14:18:35] <+werner> Long NQ @ 2267.25
[14:25:05] <+werner> Exited all NQ Long @ 2266.50 --> - 0.75
[14:27:03] <+LP> b/e emd 913.10 out
[14:28:05] <+LP> happy to get out even
[14:29:52] <+AndyES> Shorts CL @ 90.34 «« scalp »»
[14:32:06] <+AndyES> Covered all CL Short @ 90.34 --> 0 «« scalp »»
[14:32:39] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[14:41:35] <ajax> ga all
[14:55:28] <+AndyES> Shorts NQ @ 2266.25 «« scalp »»
[14:57:40] <+AndyES> Covered all NQ Short @ 2267.00 --> - 0.75 «« scalp »»
[14:58:19] <+ajax> gg
[14:59:55] <+ajax> L1271.5, +.25, +.75out
[15:00:11] <+werner> Long NQ @ 2267.00
[15:01:14] <+ajax> L2266.5, +.5, +1, runr in
[15:02:06] <+ajax> +1out
[15:04:10] <+werner> Exited all NQ Long @ 2267.50 --> + 0.5
[15:06:03] <+ajax> no momo herer....saw my indicators turn over
[15:06:26] <+werner> indd no momo
[15:07:19] <+ajax> brb
[15:11:54] <+werner> grr
[15:19:55] <+werner> Long NQ @ 2270.00
[15:21:59] <+AndyES> Shorts CL @ 90.41 «« scalp »»
[15:22:56] <+werner> Exited NQ Long @ 2269.00 --> - 1
[15:22:56] <+werner> Reverse and Enter Short NQ @ 2269.00
[15:25:39] <+werner> Covered all NQ Short @ 2269.00 --> 0
[15:29:54] <+werner> Shorts NQ @ 2268.25
[15:31:39] <+werner> djeez
[15:32:39] <+AndyES> Covered all CL Short @ 90.39 --> + 0.02 «« scalp »»
[15:33:20] <+AndyES> that's it for me...gn all
[15:36:45] <+LP> volume is light today
[15:42:36] <+werner> Shorts NQ @ 2268.00 -> Add
[15:45:50] <+ajax> y
[15:46:10] <+werner> Covered all NQ Short @ 2268.25 --> - 0.25
[15:48:08] <+ajax> L1272, +.25allout
[15:48:37] <+werner> Long NQ @ 2268.50
[15:48:44] <+werner> last trade
[15:54:37] <+ajax> L2268.5, +.5, +,75 runr in
[15:55:06] <+LP> no fear of the 8:30 jobless claims # in the am
[15:55:21] <+ajax> +.75 out
[15:55:37] <+LP> nice
[15:56:20] <+werner> Exited all NQ Long @ 2268.75 --> + 0.25
[15:56:35] <+werner> not my day :(
[15:56:39] <+werner> gn all
[16:01:09] <+ajax> ss1272.5, +.25, +.5out
[16:01:21] <+ajax> no momo in close... :((
[16:02:14] <+ajax> L2270, +.5, =1 runr in
[16:02:39] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
[16:03:06] <+ajax> +1.5out
[16:13:44] <+ajax> gn all
[17:32:40] <@X> #FuturesTrades Info -> Chat room for traders of Emini Futures (EMD, TF, ES, NQ, YM), EuroFX Futures (6E, EC), Eurex/Euronext Futures (DAX, ESTX50, FTSE100, CAC40), Treasury Futures (ZF, ZN, ZB), NYMEX Futures (CL, NG, HO, QM), Exchange Traded Funds (DIA, GLD, IWM, OIH, XLE, QQQQ, SPY) and Forex Currencies
Session Close: Wed Jan 05 18:31:54 2011

-------------------------

#FuturesTrades is free and is a serious professional trading chat room in which any trader can use the chat room to post their trades or commentaries involving futures, exchange traded funds or forex currencies. Simply, you don't need to be a client of TheStrategyLab.com to use the chat room nor do you need to be a price action only trader (no indicators) because some members use indicators while others do not.

Therefore, we welcome all traders with their own trade signal methods, different perspective of the markets and different experience levels. To gain access to #FuturesTrades...please follow the instructions at the below link.

http://www.thestrategylab.com/ftchat/forum/viewforum.php?f=5

The purpose of #FuturesTrades is that it's designed to be a trade journal for documentation purposes only so that members can have a time stamp archive of trades and market commentaries of each trading day so that they can better understand their broker statements from one trade to the next trade when they review their performance numbers on any given trading day.

Further, members are not obligated to educate nor help other members but members are encourage to ask questions about any trades or market commentaries that's posted by others.

In addition, our primary job in the free chat room is to moderate the room (keep the peace) because with so many members using different trade signal methods along with different opinions about the market...debates or arguments can easily flare up without moderating. In addition, our presence in the chat room is to ensure it's a spam free chat room during trading although these archived chat logs may contain advertisements for guest visitors.

Commonly discussed trading instruments from futures, exchange traded funds and forex currencies:

Image CME Emini Futures EMD, ES and NQ

Image ICE Emini TF Futures (formerly CME ER2)

Image CBOT mini-sized Dow Futures YM

Image Eurex Index Derivatives (futures) DAX and DJ Euro Stoxx50

Image Eurex Fixed Income Derivatives (futures) BUND, BOBL and Schatz

Image Euronext Futures FTSE-100 and CAC-40

Image CME Futures EuroFX 6E and EC

Image Treasury Futures T-Notes ZT, ZN, ZF and T-Bonds ZB

Image Forex Currencies GbpUsd, EurUsd, EurYen and UsdCdn

Image Exchange Traded Funds VXX, DIA, IWM, QQQQ, SPY, BGU, FAS, FAZ, TNA, OIH, XLE and GLD

Image NYMEX Energy Futures Light Crude Oil CL, Brent Crude Oil BRN, e-miNY QM and Natural Gas NG

Image COMEX Metal Futures Gold GC, mini-Gold YG, Copper HG and Silver SI

Image S&P CNX NIFTY Futures

Image Hang Seng Index Futures HSI and mini-Hang Seng MHI

Also, to prevent the usual mix-up about our different chat rooms, most of our fee-base clients do not use chat rooms just like most retail traders do not use chat rooms. Yet, the few clients that do use chat rooms, our fee-base clients are discussing market analysis or price action only trade signals via concepts from our strategies in the private chat rooms called #VolatilityTradingTSL or #SwingTradingTSL and they're not allowed to do such in #FuturesTrades.

Reminder, our Terms of Use (TOU) Policy is a must read to prevent any misunderstandings along with revealing that #FuturesTrades is a serious professional trading chat room and we expect members to act professional. Also, these logs may have been edited (rarely) to remove any messages that a member has complained to me via private message that they consider a particular commentary to be inappropriate, offending or too far in the off topic area that's a distraction when the commentary was posted.

Note: All logs regardless to their location at TheStrategyLab.com website are eastern standard time.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
Price Action Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader or http://stocktwits.com/wrbtrader

Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
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